Lenah Valley has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 1.92% to date .
Over the longer term, Lenah Valley has seen property prices show investors a 14.86% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Lenah Valley should be aiming for at least -6.44% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Lenah Valley have been waiting around 46.26 days to sell a property.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
Property investors who have had real estate in Lenah Valley, 7008 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.50%
When looking at the potential capital gains offered to property investors over the last 3 years, Lenah Valley comes in at number 35th in TAS.
Property buyers and investors in Lenah Valley 7008 should be seeing an average reduction in asking price of around -5.52% . This means that Lenah Valley is holding prices well when compared to other suburbs in TAS.
Situated 3.90km from the CBD, Lenah Valley is one of Hobart localities in the postcode 7008.
Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.Full summary
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Lenah Valley is just 5km north-west of the Hobart CBD, situated in the foothills of Mount Wellington. It’s serviced by a number of bus routes affording easy access to the CBD, although congestion can be a problem on Augusta Road at peak times.
There is a reasonable level of amenities within the suburb itself, including a primary school, a Catholic school and a number of shops, cafes and restaurants on Augusta Road. The wider amenities of New Town and North Hobart are also within easy reach, as is the larger shopping centre in Moonah. There are also a number of reserves and parks in the area, as well as impressive views of Mount Wellington to the west and the Derwent River to the east.
It’s affordable in comparison to neighbours Mount Stuart, New Town and West Hobart, and demand for property is high, with realestate.com.au reporting 26 people searching per property. This suggests the scope for further growth is good. Properties in the older eastern part of the suburb tend to fetch a premium.